Here are the final 2!
- Undocumented deductions. Make sure you have documentation proving the deductions you have itemized on your tax returns. If you made a donation to charity, you need to have a receipt for the donation that states the date and amount of the donation and the charity you donated to. Also, you should have documentation for deductions you are getting for property taxes, medical interest, business expenses, and medical expenses. Undocumented deductions will not be honored.
- Math. Your math teacher stressed how important it is to double-check your computations so you should remember that when it comes to your tax returns. Math errors, depending on where they appear, can lead to bigger errors later on in your form, completely throwing off the entire return. Never trust your math skills and always use a calculator for subtracting and adding on your tax return.